Connor Clark & Lunn Investment Management Ltd. Has $4.02 Million Holdings in PDF Solutions, Inc. (NASDAQ:PDFS)

Connor Clark & Lunn Investment Management Ltd. increased its stake in PDF Solutions, Inc. (NASDAQ:PDFS) by 38.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 148,572 shares of the technology company’s stock after purchasing an additional 41,606 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in PDF Solutions were worth $4,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PDFS. Needham Investment Management LLC boosted its stake in PDF Solutions by 32.3% in the 3rd quarter. Needham Investment Management LLC now owns 1,759,550 shares of the technology company’s stock worth $55,743,000 after purchasing an additional 429,550 shares during the period. Janus Henderson Group PLC boosted its stake in shares of PDF Solutions by 16.7% during the 3rd quarter. Janus Henderson Group PLC now owns 658,547 shares of the technology company’s stock worth $20,863,000 after buying an additional 94,154 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PDF Solutions during the 4th quarter worth about $2,482,000. Barclays PLC boosted its stake in shares of PDF Solutions by 388.4% during the 3rd quarter. Barclays PLC now owns 55,467 shares of the technology company’s stock worth $1,757,000 after buying an additional 44,111 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of PDF Solutions by 2.1% during the 3rd quarter. State Street Corp now owns 1,147,622 shares of the technology company’s stock worth $36,357,000 after buying an additional 23,148 shares during the last quarter. 79.51% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at PDF Solutions

In related news, CEO John Kachig Kibarian purchased 34,356 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average cost of $22.80 per share, with a total value of $783,316.80. Following the acquisition, the chief executive officer now directly owns 2,507,112 shares in the company, valued at $57,162,153.60. The trade was a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael B. Gustafson purchased 4,000 shares of the stock in a transaction on Monday, February 24th. The stock was bought at an average cost of $23.06 per share, for a total transaction of $92,240.00. Following the completion of the acquisition, the director now owns 22,574 shares in the company, valued at approximately $520,556.44. This trade represents a 21.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.13% of the company’s stock.

Analyst Upgrades and Downgrades

PDFS has been the subject of a number of recent research reports. Rosenblatt Securities reduced their price objective on shares of PDF Solutions from $40.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Northland Securities restated an “outperform” rating and set a $45.00 price objective on shares of PDF Solutions in a research note on Tuesday, December 24th.

PDF Solutions Stock Performance

Shares of NASDAQ:PDFS opened at $21.67 on Monday. PDF Solutions, Inc. has a 52-week low of $20.78 and a 52-week high of $39.70. The company has a market capitalization of $847.60 million, a P/E ratio of 216.70 and a beta of 1.59. The company has a 50-day simple moving average of $25.36 and a 200 day simple moving average of $28.36.

PDF Solutions (NASDAQ:PDFS) last issued its earnings results on Thursday, February 13th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.15). PDF Solutions had a net margin of 2.26% and a return on equity of 3.94%. The firm had revenue of $50.09 million during the quarter, compared to analyst estimates of $49.40 million. As a group, equities analysts forecast that PDF Solutions, Inc. will post 0.32 earnings per share for the current year.

PDF Solutions Company Profile

PDF Solutions, Inc provides proprietary software and physical intellectual property products for integrated circuit designs, electrical measurement hardware tools, proven methodologies, and professional services in the United States, China, Japan, and internationally. The company offers Exensio software products, such as Manufacturing Analytics that store collected data in a common environment with a consistent view for enabling product engineers to identify and analyze production yield, performance, reliability, and other issues; Process Control that provides failure detection and classification capabilities for monitoring, alarming, and controlling manufacturing tool sets; Test Operations that offer data collection and analysis capabilities; and Assembly Operations that provide device manufacturers with the capability to link assembly and packaging data, including fabrication and characterization data over the product life cycle.